China released the power of his purchase to lure Myanmar, Singapore and the rest of the association of Southeast Asian countries (ASEAN) to his side within two weeks after the inauguration of the rail and road relations with Myanmar.
“China will import more typical products from ASEAN, expand investment coins, deepening the industrial supply chain and promoting established cooperation,” said Vice President of China Wang Qishan, referring to the economic corridor with Southeast Asia with Southeast Asia.
He spoke at the Chinese-ASEAN business and investment summit in Nanning City.
Read Alsowhy Nepal will come out of his way to help the new and younger generation newly chostered by the success of the Chinese economy and want to benefit from opportunities in the business, education and tourism of the first cargo train using a new train link from Myanmar to reach the city of Chengdu in China on China on China August 27.
This is the first time China has set a direct link to the Indian Ocean through Myanmar.
For India, train relations and roads through Myanmar are strategic and trade challenges.
The train makes it easy to transport very heavy military equipment.
The new link connects China to Port Yangon Myanmar and facilitates access to the market in Southeast Asia.
The first cargo train brought items from Singapore to Port Yangon.
Speaking at the event, Minister Myanmar Commerce Pwint San said, “I want to ask China and our ASEAN friends to work with us to revitalize the region’s economy.” He stressed the need further “LIburalizing non-tariff barriers to items that are important to facilitate and increase our trade”.
Also read Bagram’s eye for expanding influence, humiliating us, said ReportKabul: China eyeing former US bagram airbase in Afghanistan to expand its influence in the region and embarrassing.
Paul D Shinkman, wrote in the US news saying that China has secured a friendship with the new Taliban government in Afghanistan and now considering the promise of Newbeijing to increase imports from ASEAN also came in the midst of intense upheaval between China and the US in Indonesia South China Sea.
Most Southeast Asian countries share the South China Sea coast and China want to reduce US influence on them.
China is the largest trading partner for these countries, a few moments are connected by train or road.
The first train line that connects China to Vientiane, the capital of Laos, will be inaugurated on December 2.
The stretch of a 42-km train in Laos has been funded by Chinese people in debt.
“Looking forward, ASEAN and China will benefit further from closer economic integration, especially with a fast-growing digital economy and the developing middle class,” said Deputy Singapore Heng Swee Keati told the event on trading volume of 10 members between 10 members of ASEAN and China grew 6.7% to $ 684.6 billion in 2020 despite the impact of the Koronavirus outbreak.
When the pandemic challenge receded, the trading volume jumped 38% to $ 410.7 billion in the first six months 2021 from the previous year.